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Lot 20 Click here for addendum

6 Week completion

SITUATION

Located at the junction with Emmanuel Road in this well established parade and only a short walk from Northwood Underground Station (Metropolitan Line - approx. 30 minutes to Baker Street).
Northwood is a prosperous and sought after residential suburb which lies approx. 14 miles north-west of central London and being approx. 4 miles from the M25 (Junction 18).

PROPERTY

A corner building comprising a Ground Floor Corner Shop with internal and separate side access to a Large Self-Contained 2 Bed Flat on the first floor and second floors with uPVC double glazing. There is also a Front Forecourt.
In addition, there is a large single story building used as a Clinic at the rear with its own side entrance (see Note 1).

ACCOMMODATION

Ground Floor Shop
Gross Frontage 20'5"
Return Frontage 20'0"
Internal Width 18'8" (max)
Built Depth 76'0"
Front Shop Area Approx. 295 sq ft
Treatment Room Area Approx. 75 sq ft
Waiting Room Area Approx. 95 sq ft
WC
Rear Single Story Clinic
Area Approx. 560 sq ft
First & Second Floor Flat
2 Bedrooms, Living Room,
Kitchen, Bathroom/WC
GIA Approx. 900 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to P & A Cook as a Health Shop and Therapy Centre for a term of 10 years from 24th June 2007 (see Note 2) at a current rent of £12,000 per annum exclusive.

Note 1: There is potential (if possession could be obtained) to convert the upper part into 2 flats subject to planning together with the opportunity to redevelop the rear single story clinic to either residential or a modern office building, subject to planning.

Note 2: The lessees are holding over and no Notices have been served.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

118 High Street, Northwood, Middlesex HA6 1BJ